Schwab US Dividend Equity ETF (NYSEARCA:SCHD) Stake Increased by Private Advisor Group LLC

Private Advisor Group LLC grew its holdings in Schwab US Dividend Equity ETF (NYSEARCA:SCHD) by 221.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,669,849 shares of the company’s stock after purchasing an additional 1,150,382 shares during the period. Private Advisor Group LLC’s holdings in Schwab US Dividend Equity ETF were worth $45,620,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SCHD. JPMorgan Chase & Co. increased its stake in shares of Schwab US Dividend Equity ETF by 7.2% in the third quarter. JPMorgan Chase & Co. now owns 1,568,103 shares of the company’s stock worth $132,552,000 after acquiring an additional 104,855 shares during the last quarter. GAMMA Investing LLC increased its position in Schwab US Dividend Equity ETF by 200.0% during the fourth quarter. GAMMA Investing LLC now owns 9,753 shares of the company’s stock worth $266,000 after buying an additional 6,502 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Schwab US Dividend Equity ETF during the third quarter worth $163,000. Tenon Financial LLC boosted its holdings in Schwab US Dividend Equity ETF by 200.1% during the fourth quarter. Tenon Financial LLC now owns 15,121 shares of the company’s stock valued at $412,000 after acquiring an additional 10,082 shares during the period. Finally, Summit Wealth & Retirement Planning Inc. boosted its holdings in Schwab US Dividend Equity ETF by 195.0% during the fourth quarter. Summit Wealth & Retirement Planning Inc. now owns 26,180 shares of the company’s stock valued at $715,000 after acquiring an additional 17,305 shares during the period.

Schwab US Dividend Equity ETF Price Performance

SCHD stock opened at $27.99 on Wednesday. Schwab US Dividend Equity ETF has a 52-week low of $25.18 and a 52-week high of $29.72. The company has a 50-day moving average of $27.70 and a two-hundred day moving average of $28.01. The stock has a market capitalization of $68.58 billion, a price-to-earnings ratio of 17.48 and a beta of 0.88.

Schwab US Dividend Equity ETF Profile

The Schwab U.S. Dividend Equity ETF (SCHD) is an exchange-traded fund that is based on the Dow Jones U.S. Dividend 100 index, a market-cap-weighted index of 100 dividend-paying US equities. SCHD was launched on Oct 20, 2011 and is managed by Schwab.